From Thestreet.com: Homebuilders began construction on 3.9% more homes in November, better than the expected growth rate, while applications for building permits fell 4%, pointing to a softening in future homebuilding activity.
The Commerce Department said early Wednesday that housing starts came in at a seasonally adjusted annual rate of 555,000 in November. The figure compares with an upwardly revised rate of 534,000 housing starts in October and came in better than the rate of 545,000 economists had expected, according to consensus estimates listed on Briefing.com. October's housing starts rate was originally reported at a pace of 519,000..............................................Full Article: Source